Gold & Silver News!

From Richard Russell, editor of Dow Theory Letters, in remarks posted on his website on December 1st:

''The gold action is now persistent enough and impressive enough to worry the Fed. Therefore, I think we are near some kind of inflection point. The Fed obviously cannot like the gold action. If there's any way of bringing (manipulating) the rising price of gold to a halt, the anti-gold forces are going to try it. This will pit the power of the Fed against the power of the primary trend. My experience tells me that any item can be manipulated for a short while, but over a long period the basic primary trend will always win.

Remember, the business of the central banks is fiat money. Rising gold spits in the face of fiat money. After all, why would any person or institution swap fiat money for gold unless there was suspicion of fiat money?''

. . . and from David Fessler, in a posting on CommodityOnline on December 3rd:

''Most fund managers won't touch silver with a 10-foot pole. The reason? At around $9 billion, the size and liquidity of the silver market is roughly 20 times smaller than the gold market.

However, it might be a mistake to ignore silver. With supplies continuing to fall and demand continuing to rise, the metal could very well make a very dramatic move to the upside over the next three to six months -- even if gold prices fall.

Then there's Jim Rogers . . .

As recently as October, Rogers, founder of the Quantum Fund, suggested that the U.S. dollar will continue its decline and that hard assets like gold, silver and agricultural products represented good value in the upcoming inflationary environment.''

''A deteriorating U.S. dollar suggests that while gold's meteoric rise still has room to run, silver's run is yet to get started.''




This is not a recommendation to buy or sell.